Ramniklal purchased a piece of agricultural land for Rs. 51 lakh. He spent Rs. 2 lakh on converting the land into non-agricultural use, Rs. 2 lakh for registration and stamp duty and Rs. 1 lakh towards administrative expenses. Then, he divided the plot into 8 equal plots and sold each plot at a value of Rs. 10.5 lakh. What was the percentage profit that Ramniklal made in the entire transaction?

Ramniklal purchased a piece of agricultural land for Rs. 51 lakh. He s

1.	Ramniklal purchased a piece of agricultural land for Rs. 51 lakh. He spent Rs. 2 lakh on converting the land into non-agricultural use, Rs. 2 lakh for registration and stamp duty and Rs. 1 lakh towards administrative expenses. Then, he divided the plot into 8 equal plots and sold each plot at a value of Rs. 10.5 lakh. What was the percentage profit that Ramniklal made in the entire transaction?
A.	25% profit
B.	33.3% profit
C.	50% profit
D.	20% profit
Answer» D. 20% profit

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